Company Profile
Established in 1947, the Public Employees Retirement Association of New Mexico administers a defined‑benefit retirement system for public sector employees across state, municipal, and county agencies. Serving over 57,600 active members and more than 48,000 retirees and beneficiaries, PERA covers 31 retirement plans including police, firefighters, judges, legislators, and volunteer public servants.
Membership is divided into two tiers based on date of hire (pre‑ or post‑July 1, 2013). Employees and their employers contribute during service, and upon satisfying age and service credit criteria, retirees receive a guaranteed lifetime pension, with cost‑of‑living adjustments when provided under state statute.
PERA’s investment program follows a long‑term strategic allocation across diversified asset classes, aiming to balance cost, risk, and return. With approximately $1.47 billion in annual benefit payouts—primarily to retirees residing in New Mexico—the system has earned accolades for both its investment performance and financial transparency.
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